Natixis Advisors LLC Purchases 8,271 Shares of Fluor Co. (NYSE:FLR)

Natixis Advisors LLC lifted its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,048 shares of the construction company's stock after purchasing an additional 8,271 shares during the period. Natixis Advisors LLC's holdings in Fluor were worth $3,603,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new stake in shares of Fluor in the 4th quarter valued at $484,000. Exchange Traded Concepts LLC increased its position in Fluor by 291.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock valued at $2,151,000 after buying an additional 32,472 shares in the last quarter. Aequim Alternative Investments LP raised its stake in Fluor by 6.0% during the 3rd quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company's stock worth $35,437,000 after buying an additional 41,800 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock worth $100,092,000 after acquiring an additional 457,220 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Fluor by 67.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company's stock valued at $2,345,000 after acquiring an additional 19,836 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

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Fluor Stock Performance

FLR stock traded down $1.02 during midday trading on Wednesday, hitting $37.72. The company's stock had a trading volume of 2,400,365 shares, compared to its average volume of 3,194,084. Fluor Co. has a 1 year low of $34.01 and a 1 year high of $60.10. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.73. The stock's 50-day moving average price is $42.81 and its 200 day moving average price is $48.27. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, equities analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FLR. Truist Financial cut their target price on Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a report on Tuesday. KeyCorp raised their price target on shares of Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. DA Davidson dropped their target price on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup decreased their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $54.71.

Fluor Company Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.